Hey ! You say in your video that Bitcoin is not based on anything. It is actually the same creation process as silver or gold. Mining costs. Rare metals get rarer. It is concretely the same for bitcoin. The forks are just there to enrich bitcoin potential. (https://www.cryptocoinsnews.com/bitmex-to-dump-bitcoin-cash-and-credit-users-with-bitcoin/)
It is the same, and bubbles are present on the two assets. Please, get me, I am not saying, that Bitcoin is in a bubble.
You should be saying that Bitcoin is in a bubble. It would show that you understand that mimicking the properties of gold doesn't create a store of value, history of widespread use as a currency and maintaining purchasing power stability does. In fact, that's how gold earned its "store of value" status: medium of exchange first; it didn't start out that way. Bitcoin's only real value right now lies in its transaction capacity and speed, around 5 tx/s with long confirmation times and prohibitively high fees. As a settlement network, it's a 0/10. If the speculators eased off and fees dropped below $0.10 again, it might be worth a market cap of $5-10 billion.